Computer Virus can equal bankruptcy for small businesses

New York marketing firm that as recently as two weeks ago was preparing to be acquired now is facing bankruptcy from a computer virus infection that cost the company more than $164,000.

Ouch! That’s gotta hurt!

As Mrs. McCarthy found out the hard way, businesses do not enjoy the same protections that consumers have against online banking fraud. Most banks will work with commercial customers to try and reverse any fraudulent transfers, but the chances of that succeeding diminish rapidly after the first 24 hours following unauthorized activity. What’s more, banks are under no obligation to reimburse commercial customers victimized by cyber fraud.

Wow!

Check out what happened with the computer — not all that unusual of late for some folks.